Compare online stock brokers australia

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Aust shares lift but still weaker 4. Trump sees China trade deal 5. Stocks to watch 6. Tax perks for share traders 2. By filling in the search, the ASX will provide you with a list of brokers that match your investment needs. As your experience grows or your investment needs change you may decide to change your broker. Changing brokers can be straightforward, just make sure the account with your 'new' broker is in exactly the same name as the one with your 'old' broker and discuss with both how to manage the process, usually it is just a matter of completing a form authorising the transfer of shares from one broker to another.

You can elect to have a broker or a margin lender act as your CHESS sponsor and you will have one HIN for each broker that sponsors any of your shares. You will also recieve CHESS statements at the end of each month if there have been any movement in the balance of your holding. For those investors who hold shares gained from a float and have never dealt with a broker before, this article is definitely worth a read.

Choosing a Broker To physically buy and sell shares on the Australian Stock Exchange you have to be a stock exchange member and as this is not practical or possible for most of us we have to utilise the services of a broker. Issues you may want to consider are: Do you need a full service, discount or internet broker?

Do you need more than one broker? How do you decide which broker is best for you? What online services does the broker provide?